Pension Problems Changes IL Credit Outlook

Posted: Updated:

Illinois pension problems have taken a toll on the state's credit outlook.

Moody's Investor Services have downgraded the state's credit outlook from "Stable" to "Negative".

This could mean higher interest rates on state loans, costing tax payers more.

Governor Pat Quinn has set a January 9th deadline to overhaul the state's pension system, which is underfunded by $96 billion.

More News HeadlinesMore>>
Local church heading to OK
Local church heading to OK
By: Christine Souders csouders@cbs4qc.com Members of a local church are headed to Moore, Oklahoma to help relief workers. "Our intent is to go down, have a small footprint and leave nothing behind,More >>
By: Christine Souders csouders@cbs4qc.com Members of a local church are headed to Moore, Oklahoma to help relief workers. "Our intent is to go down, have a small footprint and leave nothing behind,More >>
Sherrard fire victim opens up about the tragedy
Sherrard fire victim opens up about the tragedy
Wayne Viager tells us they were a close family. With three beautiful kids, a happy home and a loving wife, he had it all.More >>
Wayne Viager tells us they were a close family. With three beautiful kids, a happy home and a loving wife, he had it all.More >>
Mass casualty drill at Augustana
Mass casualty drill at Augustana
By: CBS4 News, newsroom@cbs4qc.com If you hear sirens and see emergency responders at Augustana College Thursday morning don't worry. The College is working with a number of Quad Cities area agenciesMore >>
By: CBS4 News, newsroom@cbs4qc.com If you hear sirens and see emergency responders at Augustana College Thursday morning don't worry. The College is working with a number of Quad Cities area agenciesMore >>
Searching for Answers: Dale Strassburger Cold Case
Searching for Answers: Dale Strassburger Cold Case
By: Christine Souderscsouders@cbs4qc.comIn the middle of traffic, 30 years ago, a car was abandoned on the I-80 bridge near Le Claire, with no driver in sight. But could the driver have jumped off theMore >>
In the middle of traffic, 30 years ago, a car was abandoned on the I-80 bridge near Le Claire, with no driver in sight.More >>
Vitalix Inc. expands in Wilton, IA
Vitalix Inc. expands in Wilton, IA
More jobs are coming to the Quad Cities.More >>
More jobs are coming to the Quad Cities.More >>
Safe driving this holiday weekend
Safe driving this holiday weekend
By: Kate Pabich kpabich@cbs4qc.comMemorial Day weekend is one of the busiest travel weekends of the year, and it's also one of the most dangerous. While most folks are taking some time off and headingMore >>
Memorial Day weekend is one of the busiest travel weekends of the year, and it's also one of the most dangerous.More >>
East Moline Police Checking for Seat Belts
East Moline Police Checking for Seat Belts
Click it or ticket. The Illinois State Police and East Moline Police teamed up Wednesday to make sure everyone is buckled up. They were on the corner of 7th Street and 30th Avenue. The Illinois DepartmentMore >>
Click it or ticket. The Illinois State Police and East Moline Police teamed up Wednesday to make sure everyone is buckled up. They were on the corner of 7th Street and 30th Avenue. The Illinois DepartmentMore >>
Accidents cause backups on I-74 bridge
Accidents cause backups on I-74 bridge
Accidents on the Interstate 74 bridge made for a slow morning commute for thousands of drivers. Seven different accidents happened on the Iowa side of the bridge this morning heading into Illinois. ThisMore >>
Accidents on the Interstate 74 bridge made for a slow morning commute for thousands of drivers. Seven different accidents happened on the Iowa side of the bridge this morning heading into Illinois. ThisMore >>

Pension Problems Changes IL Credit Outlook - CBS4 - WHBF Quad Cities, IL-IA News Weather Sports

Pension Problems Changes IL Credit Outlook

More News HeadlinesMore>>